Mccormick (MKC) Tax Rate (2009 - 2026)
Mccormick (MKC) posted Tax Rate of 28.84% for Q2 2026, up 9.55% on a QoQ basis from 26.32% in Q1 2026, and up 474.0% year-over-year from 5.02% in Q2 2025.
Mccormick (MKC) Tax Rate (2009 - 2026) Analysis & Trends
Mccormick's Tax Rate history runs 18 years deep, the most recent figure standing at 28.84% for Q2 2026.
- Quarterly Tax Rate rose 474.0% year-over-year to 28.84% in Q2 2026, while the trailing twelve-month figure through May 2026 was 23.42% (up 133.0% YoY) and the FY2025 annual result came in at 21.45%, up 96.0% from the prior year.
- Tax Rate was 28.84% for Q2 2026 at Mccormick, up from 26.32% in the prior quarter.
- Across five years, Tax Rate topped out at 28.84% in Q2 2026 and bottomed at 13.53% in Q2 2024.
- A 5-year average of 21.69% and a median of 22.14% in 2023 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2022 — Tax Rate plunged 918 bps — and 2025, when it soared 1056 bps.
- Mccormick's Tax Rate stood at 23.3% in 2022, then retreated by 5 bps to 22.16% in 2023, then advanced by 15 bps to 25.44% in 2024, then fell by 6 bps to 23.94% in 2025, then increased by 20 bps to 28.84% in 2026.
- Business Quant data shows MKC's Tax Rate at 28.84% in Q2 2026, 26.32% in Q1 2026, and 23.94% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Kraft Heinz | 30.05 Bn | 26.07 Bn | 2.22 Bn | 20.89% |
| 2 | General Mills | 19.11 Bn | 18.67 Bn | 1.60 Bn | 10.77% |
| 3 | Hormel Foods | 13.78 Bn | 12.93 Bn | 518.51 Mn | 23.63% |
| 4 | Mccormick | 13.51 Bn | 13.76 Bn | 778.20 Mn | 28.84% |
| 5 | Magnum Ice Cream | 10.87 Bn | 10.35 Bn | - | - |
| 6 | Smithfield Foods | 10.26 Bn | 8.88 Bn | 511.00 Mn | 22.29% |
| 7 | Darling Ingredients | 10.06 Bn | 10.02 Bn | 404.92 Mn | 21.99% |
| 8 | Conagra Brands | 6.88 Bn | 6.66 Bn | 704.10 Mn | 32.34% |
| 9 | Lamb Weston Holdings | 6.84 Bn | 6.78 Bn | 361.40 Mn | 11.46% |
| 10 | Pilgrims Pride | 6.64 Bn | 6.11 Bn | 345.49 Mn | 23.04% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 28.84% |
| May 31, 2026 | 28.84% |
| May 31, 2026 | 28.84% |
| Feb 28, 2026 | 26.32% |
| Feb 28, 2026 | 26.32% |
| Feb 28, 2026 | 26.32% |
| Nov 30, 2025 | 23.94% |
| Nov 30, 2025 | 23.94% |
| Nov 30, 2025 | 23.94% |
| Aug 31, 2025 | 15.85% |
| Aug 31, 2025 | 15.85% |
| Aug 31, 2025 | 15.85% |
| May 31, 2025 | 24.10% |
| May 31, 2025 | 24.10% |
| May 31, 2025 | 24.10% |
| Feb 28, 2025 | 22.31% |
| Feb 28, 2025 | 22.31% |
| Feb 28, 2025 | 22.31% |
| Nov 30, 2024 | 25.44% |
| Nov 30, 2024 | 25.44% |